NAC Blog: TRIVIA Time: Qualified Mortgage

It’s time for some policy trivia! Question: What has been one of our top policy priorities on access to credit over the past 2 years? Answer: The expiration of the QM patch and the new definition of Qualified Mortgage! Question: What government agency has jurisdiction over defining what loans are considered “Qualifed Mortgage”?Answer: Consumer Financial Protection Bureau or CFPB

NAC Blog: NAHREP Urges Changes to GSE Capital Rule

I cannot believe it is already September. It’s back to school time, or back to zoom time? Mad respect to all of the parents out there for balancing rock star careers while “staffing” your kids while they sit in front a zoom classroom cross eyed making faces at each other. Dogs barking, kids screaming, life happening: life, work, blurred lines all around. It’s called 2020 damas y caballeros, and this madness is feeling weirdly familiar now. Speaking of which, who can tell me their most embarrassing “zoom school” related story? I could really use the humor right now!

NAC Blog: Community Reinvestment Act, an interview with Josh Silver from NCRC

¿Cómo andamos? Before we get into this week’s policy discussion, I want to take a moment to recognize a very exciting thing that happened recently. Last week, the U.S. House of Representatives voted to approve the establishment of a National Museum of the American Latino. I had the privilege of working on a bill that explored this possibility back in 2005 with then Congressman Xavier Becerra. It has been a long time coming, and today we are one step closer that museum being a reality.

NAC Blog: QM Patch is getting extended and replaced

So I’ve been doing this thing lately with my cookbooks during quarantine. I make the recipe and in the margins of the cookbook I’ll jot down whether or not I liked it along with a note about what happened that day. It can be anything from something historical happening like, “the Supreme Court ruled on DACA today”, or something silly like, “today I got a facemask tan after I spent the day outside.”

NAC Blog: We are in this together

We are in this together Celebrating NAHREP familia, cultura, politics, and grassroots action Que onda mi gente?! I’m sitting here wanting to update you about what’s happening with the stimulus bill, what’s happening with the Paycheck Protection Program or what the new changes have been made to the Community Reinvestment Act. But, if you’re anything like me, it’s been…

NAC Blog:The Latest from FHA and FHFA

Como están? Hope everyone is making their plans to meet up in Washington D.C. next month! I was just there last week for meetings with the Federal Housing Administration (FHA) and Federal Housing Finance Agency (FHFA), to discuss some of the issues I’ve heard from many of you that are impacting prospective Latino homebuyers.

NAC Blog: Winning on the QM Patch

Que onda mi gente? Has someone at an event made you text NAHREP to 50457 recently? Have you filled out your profile to join our National Advocacy Committee by clicking on this link? Are you asking yourself, ok pues I did it, ahora que? Well… congratulations and welcome to the National Advocacy Committee!

NAC Blog: The MBA, Keith Urban & The Patch

I had the pleasure of spending last week at the Mortgage Bankers Association Conference in the beautiful city of Austin, Texas. Aside from the insightful information I learned at the conference, my personal highlight was eating at a new restaurant called Suerte. I must say, I was impressed by Executive Chef Fermín Nuñez. I saw that the restaurant was featured as one of the 18 best new restaurants in the country by Eater last year, and I can see why.